Re-appointment of Mr. Ketan Harsukhlal Sanghvi as a Non-Executive Indpendent Director of the Company subject to approval of members in ensuing Annual General Meeting
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Trustedge Capital Ltd's board approved increasing the company's authorized share capital from Rs. 7 crore (70 lakh equity shares of Rs. 10) to Rs. 15 crore (1.5 crore equity shares of Rs. 10), subject to shareholder approval. The board also approved amending the Memorandum of Association to delete the 'Other Objects' clause and align it with the Companies Act 2013. Mr. Ketan Harsukhlal Sanghvi (DIN: 06531676) has been re-appointed as Non-Executive Independent Director for a second term of 5 years (November 4, 2025 to November 3, 2030), pending shareholder approval at the upcoming AGM. Additionally, CS Aishwarya Parekh, a Practicing Company Secretary, was appointed as Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30.
These are routine corporate housekeeping actions. The authorized capital increase gives the company headroom for future fundraising or stock splits, but no immediate dilution since shares are not being issued. The director re-appointment and new secretarial auditor appointment are standard governance items requiring shareholder ratification at the AGM.